Chaebol owner' children control W100b worth of stocks: data

Published: 12/10/2017
Chaebol owner' children control W100b worth of stocks: data
Source: WWW.KOREAHERALD.COM

Scores of children of the owners of nine conglomerates in South Korea have more than 100 billion won ($88.2 million) worth of stocks in related companies, government data showed Thursday, amid the owners preferring the early transfer of assets to their offspring to reduce inheritance tax down the road.The amount of stocks held by 25 children of the nine chaebol, or family-run conglomerates, reache

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